+6221–3503142 secretariat@cisfed.org

By Farouk Abdullah Alwyni

The Islamic investment (portfolio) funds, known in Indonesian terms as Reksadana Syariah, started in 2003. Reksadana generally consists of Shariah compliant shares, Sukuk, and Shariah compliant deposits and/or Islamic
money market instruments. Over the last 10 years, the share of Islamic investment funds as compared to total funds has increased steadily to 4.9% in 2013 from 0.1% in 2003, as shown in Table 1.

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